With the Skyrocketing Prices of Gold, the Company through its “letter of Intent” looks to move ahead with a
The Company has amended the Letter of Intent (LOI) to extend the closing deadline until after a pilot mine project is completed. “We are happy to take this project to the next level by detailing the work plan. This one-year initiative will further prove the commercial viability of the property and will lay the groundwork for full scale 2025 operations,” commented
As we approach 2024, various financial analysts and organizations have offered diverse predictions regarding gold prices. The
Improved valuation with excellent potential for growth
Yukon Gold’s 2,210,660 ounces of gold in proven resources represents a significant milestone for our Company, particularly in light of the current gold price being projected at up to
This positions the Company with a million in revenue, considering the current and forecasted market value of gold, this is expected to make a considerable impact on the Company's valuation, reflecting a robust future revenue stream.
Rare Earth Elements and Other Minerals
In addition to the lucrative gold assets,
“This strategic move will allow us to validate the projected Gold deposits and ultimately enhance our efficiencies in procuring raw materials for our worldwide retail 'Mine to Market,'” further commented,
Impact on Gold Mining Companies
This anticipated uptrend in gold prices bodes well for gold mining companies, including
ABOUT
THE YUKON GOLD PROJECT PROPERTY
The Property consists of 145 full Yukon Quartz Claims and is located south of
Several of the reports submitted by the owner for due diligence review state that the Property hosts 2,210,660 ounces of Proven gold resources. In addition, the Probable and Possible values indicated in the reports suggest the
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SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our Company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Signed. /S/
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1 https://www.kitco.com/news/2023-12-11/Gold-is-poised-for-new-all-time-highs-in-2024-World-Gold-Council.html
2 https://seekingalpha.com/article/4656910-phys-why-gold-prices-may-exceed-2500-in-2024
3 https://think.ing.com/articles/gold-to-hit-fresh-highs-in-2024/
Source:
2023 GlobeNewswire, Inc., source